{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='The Brief: Where\u0026#39;s the money coming from for the EU Recovery Fund?' data-url='/boclips/videos/68789706859c693875d0dcb7' data-video-url='/boclips/videos/68789706859c693875d0dcb7' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nThe Brief: Where\u0026#39;s the money coming from for the EU Recovery Fund?\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eThe EU has proposed a sizeable recovery fund, but how will it raise the money to save Europe's economy?   One way could be to create new taxes to pay for the €750 billion recovery fund. The European Commission estimates it could get...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eThe EU has proposed a sizeable recovery fund, but how will it raise the money to save Europe's economy?   \u003cbr/\u003e\u003cbr/\u003eOne way could be to create new taxes to pay for the €750 billion recovery fund. \u003cbr/\u003e\u003cbr/\u003eThe European Commission estimates it could get around €30 billion per year. \u003cbr/\u003e\u003cbr/\u003eBusinesses take note - the EU Commission wants to be able to collect corporate taxes. Currently, member states get the benefits in their national pot. \u003cbr/\u003e\u003cbr/\u003eUS tech giants could also be slapped with a digital tax. \u003cbr/\u003e\u003cbr/\u003eSven Giegold is a Member of the European Parliament who sits with the Greens group and told Euronews: \"There is a big advantage of the digital tax: it can be implemented unilaterally by those member states that want to without harming themselves, because the place of taxation is on consumption. Classic corporate taxation is taxing where production is happening and therefore the digital tax is a good threat in order to make a wider corporate tax reform work\". \u003cbr/\u003e\u003cbr/\u003eIn terms of green revenue sources, the suggestions in the table could target:   \u003cbr/\u003e\u003cbr/\u003eEU companies emitting more polluting gases. \u003cbr/\u003eGoods from countries outside the EU that are less strict about CO2 emissions (this is known as carbon adjustment). \u003cbr/\u003eNon-recycled plastics packaging waste, \u003cbr/\u003e\u003cbr/\u003eThe idea of a new mechanism that penalizes international partners that are not so ambitious in climate change policy can be a risky choice.   \u003cbr/\u003e\u003cbr/\u003eAccording to Jorge Nunez Ferrer, a Senior Research Fellow at the CEPS think tank: \"The only issue about the carbon adjustment is that is not something the EU can just create, unless you want a trade war with some others. It means that carbon adjustment it would have to be introduced carefully, making sure that the trading partners also understand it and it is done set by step. There is the question: do you want to be like Trump or not? I do not think we will go that way, so it will take time.\" \u003cbr/\u003e\u003cbr/\u003eAnother way for Brussels to get more of its own financial resources is to gradually eliminate rebates granted to some of the biggest contributors like Germany or France.   \u003cbr/\u003e\u003cbr/\u003eBut in times of recession they are unlikely to let go of them, and may put up a fight over any new sources of revenue. \u003cbr/\u003e\u003cbr/\u003e\"The interesting thing is Germany that has now decided to go in favor of (new) resources, together with France. Somehow you will always have the same countries that will resist, which are the more frugal countries that see this as a way of losing the control over the budget to some extent. Although the expenses have to be agreed by unanimity, it is a bit the fear of the long term impact,\" says Jorge Nunez Ferrer. \u003cbr/\u003e\u003cbr/\u003eAnticipating the skepticism by some member states, the EU Commission has suggested to only start to collect any new taxes from 2024, when that debt will start to be paid off.\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star-half-stroke text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=90881341\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eMedia Length\u003c/dt\u003e\n\u003cdd\u003e2:48\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003e9th - Higher Ed\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSubjects\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?keywords=purpose+of+data+collection\u0026amp;page=29\u0026amp;search_tab_id=1\u0026amp;subject_ids%5B%5D=358379\"\u003eSocial Studies \u0026amp; 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